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Data Science AnalyticsTop 10 Best Market Data Analysis Software of 2026
Top 10 Market Data Analysis Software ranked with comparison notes for analysts evaluating datasets and tools like FactSet and Bloomberg.
How we ranked these tools
Core product claims cross-referenced against official documentation, changelogs, and independent technical reviews.
Analyzed video reviews and hundreds of written evaluations to capture real-world user experiences with each tool.
AI persona simulations modeled how different user types would experience each tool across common use cases and workflows.
Final rankings reviewed and approved by our editorial team with authority to override AI-generated scores based on domain expertise.
Score: Features 40% · Ease 30% · Value 30%
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Editor’s top 3 picks
Three quick recommendations before you dive into the full comparison below — each one leads on a different dimension.
Quandl
Dataset metadata and codes exposed through the API support programmatic time series ingestion.
Built for fits when analysts need API-driven historical pulls with consistent dataset identifiers and metadata..
Bloomberg Market Data
Editor pickBloomberg identifiers and field model that standardize schema mapping across enterprise feeds.
Built for fits when market data operations need high-throughput ingestion with strict RBAC and audit controls..
FactSet
Editor pickStructured data model that standardizes identifiers and time-series fields for API-driven analytics workflows.
Built for fits when research and risk teams need governed market data integrations with automation and API-based pipelines..
Related reading
Comparison Table
The comparison table reviews market data analysis software across integration depth, data model design, and automation and API surface. It also contrasts admin and governance controls like provisioning, RBAC, and audit log coverage, plus extensibility for schema changes. The goal is to help map each platform’s configuration model and automation throughput to analyst and engineering workflows.
Quandl
market data APIProvides market time-series datasets with API access for analytics and modeling workflows.
Dataset metadata and codes exposed through the API support programmatic time series ingestion.
Quandl is used to fetch historical time series and fundamentals via an API, which supports direct analysis workflows and automated data refresh. The data model is centered on dataset codes that map to tabular series with field names, frequency, and metadata that help normalize sources. Extensibility comes from API queries and repeatable ingestion patterns rather than dashboard-driven configuration.
The main tradeoff is governance granularity, because RBAC and tenant-level controls for dataset access are limited compared with enterprise data catalogs. Teams with mixed vendor datasets often spend time building a local schema layer to reconcile units, corporate actions, and column naming. Quandl fits situations where analysts need high-throughput API pulls into notebooks, data warehouses, and feature stores.
- +Dataset identifiers and metadata reduce manual mapping during ingestion
- +Documented API supports automated time series pulls for ETL pipelines
- +Table-centric schema keeps column normalization predictable across sources
- +Consistent dataset structure enables repeatable research refresh jobs
- –Cross-dataset schema differences can require a local normalization layer
- –Fine-grained RBAC and audit workflows are limited for strict governance needs
- –Throughput for large backfills depends on dataset size and query pattern
Best for: Fits when analysts need API-driven historical pulls with consistent dataset identifiers and metadata.
More related reading
Bloomberg Market Data
terminal market dataSupplies market data terminals and data services used for analytics, valuation, and cross-asset research.
Bloomberg identifiers and field model that standardize schema mapping across enterprise feeds.
This tool is a fit for trading desks, risk teams, and market data operations that need consistent identifiers and field semantics across multiple downstream systems. Integration depth is built around Bloomberg instrument and field referencing, which reduces mapping drift when data flows into internal schemas. Automation and API surface are designed for application ingestion and scheduled workflows, including pull patterns for analytics pipelines and event-driven updates for operational feeds.
A tradeoff is that the governance model ties access to Bloomberg entitlements and internal role assignment, which can slow experimentation when sandbox provisioning is limited. This tool works best when a team has defined security coverage, has mapped Bloomberg fields to internal schemas, and needs predictable throughput into reporting and risk controls. It also fits environments that require tight RBAC alignment with audit log retention for data access and distribution.
- +Market and reference coverage mapped to stable Bloomberg identifiers
- +Field semantics support consistent internal schema mapping across systems
- +API-driven ingestion supports automated analytics and scheduled reporting
- +Governance aligns entitlements with RBAC and audit expectations
- –Schema mapping changes require disciplined versioning and governance
- –Provisioning and access control can be slower for ad hoc sandbox use
- –API integration depends on environment setup and connectivity constraints
- –Per-dataset licensing boundaries increase administrative overhead
Best for: Fits when market data operations need high-throughput ingestion with strict RBAC and audit controls.
FactSet
portfolio analyticsOffers curated market data and analytics for portfolio, risk, and company fundamentals research.
Structured data model that standardizes identifiers and time-series fields for API-driven analytics workflows.
FactSet’s integration depth shows up in how market data, reference data, and corporate actions are normalized into consistent entity and field semantics. The underlying data model supports analytics use cases that require stable schema mapping across vendors, instruments, and time. For automation and API surface, FactSet provides programmatic access to datasets and analytics inputs so workflows can be rebuilt with controlled throughput.
A key tradeoff is that the breadth of the dataset and field coverage increases schema mapping effort for teams that need a minimal data footprint. FactSet fits best when governance and repeatability matter, such as research groups provisioning scheduled pulls, staging transformations, and auditable handoffs to downstream risk or portfolio systems. The API-first approach also helps when multiple teams must share consistent identifiers and field definitions through shared configuration and RBAC controls.
- +Normalized data model across instruments, entities, and time-series fields
- +API access for repeatable pipeline builds and controlled throughput
- +Reference data and corporate actions support consistent identifier mapping
- +Integration breadth reduces rework when analysts compare datasets across regions
- –Schema mapping overhead can be high for small or narrow data needs
- –Field coverage depth can increase configuration complexity for custom schemas
Best for: Fits when research and risk teams need governed market data integrations with automation and API-based pipelines.
S&P Capital IQ
fundamentals platformProvides company fundamentals and market data with analytics used for valuation and investment research.
Capital IQ data model entity normalization for issuers, securities, and corporate actions.
S&P Capital IQ is built for market data analysis with an enterprise-grade integration depth across financial instruments, issuers, and events. Its data model supports consistent entity mapping so screens, research workflows, and analytics stay aligned across use cases.
Automation and integration rely on a documented API surface for programmatic retrieval and workflow orchestration, with configuration and provisioning controls to manage access at scale. Admin governance emphasizes RBAC and audit visibility so datasets and outputs can be managed across teams.
- +Entity-centric data model aligns instruments, issuers, and events across workflows
- +Documented API supports programmatic data retrieval and automation
- +Integration depth supports structured research pipelines with consistent mappings
- +RBAC and audit log support controlled access and governance workflows
- –API usage requires schema knowledge to avoid inconsistent entity joins
- –Automation throughput depends on request patterns and data volume controls
- –Extensibility is constrained by available endpoints and field coverage
Best for: Fits when teams need controlled, API-driven market data workflows with shared entity governance.
ICE Data Services
data + indicesProvides market data and index services for time-series analytics across financial instruments.
Provisioning and distribution via integration interfaces that align product, instrument, and field schemas.
ICE Data Services provisions market data products and distributes them through documented integration paths for analysis pipelines. The data model centers on instrument, field, and venue hierarchies that support schema-driven mapping to analytics systems.
Automation and API surface cover ingestion workflows that teams can parameterize and run at controlled throughput. Admin controls focus on governance, including RBAC-aligned access patterns and auditability for operational changes.
- +Schema-aligned instrument and field modeling reduces downstream mapping churn.
- +Documented integration interfaces support automated ingestion into analysis pipelines.
- +Configuration controls help keep provisioning consistent across environments.
- +Governance features support role-based access and traceable operational changes.
- –Complex product selection can slow initial provisioning and testing.
- –Automation throughput tuning requires careful capacity planning for high-volume feeds.
- –Field normalization still needs application-side validation for edge cases.
- –Some governance workflows require platform familiarity and clear ownership.
Best for: Fits when teams need governed market data provisioning and API-based automation for analytics.
Twelve Data
API market dataDelivers market data via APIs for equities, forex, crypto, and technical indicators for analytics pipelines.
Time-series endpoint parameterization that returns technical indicators and candles in a consistent, API-ready schema.
Twelve Data fits teams that need market data integration driven by a documented API and predictable schemas. It provides time-series endpoints for prices, technical indicators, fundamentals, and corporate actions, plus ingestion patterns suited for automation.
The data model centers on symbol-based queries with configurable intervals, limits, and output formats that support repeatable provisioning. Admin and governance controls focus on account-level access and API-key management rather than deep tenant RBAC or workflow audit logs.
- +Documented REST API covers prices, indicators, fundamentals, and events
- +Schema-stable responses with configurable intervals and limits
- +Automation friendly endpoints for recurring backfills and refresh jobs
- +Extensibility through parameterized queries for custom data retrieval
- –Tenant RBAC and fine-grained admin controls are not prominent
- –Audit logging and governance reporting are not presented as first-class
- –Higher-volume throughput requires careful rate and retry handling
- –Schema breadth can increase mapping work across data types
Best for: Fits when analysts need API automation for multi-asset data pipelines with tight control of query parameters.
Alpha Vantage
API time seriesProvides free and premium market data APIs for stock, forex, and crypto time-series analysis.
Extensive technical indicator endpoints exposed as parameterized time series API calls.
Alpha Vantage focuses on a wide set of market-data endpoints exposed through a public API and consistent JSON schemas for time series, fundamentals, and technical indicators. It offers data retrieval that can be scripted for scheduled automation and cached downstream, with a predictable request model and parameterized queries.
The data model is endpoint-centric, which simplifies integration breadth but limits governance features like RBAC and audit logs in the integration layer. Admin and control depth depends on building the governance around the API client, since native organizational controls are not a core part of the service.
- +Broad API coverage for time series, fundamentals, and technical indicators
- +JSON response schemas support straightforward ETL mapping
- +Parameterized endpoints enable repeatable automated pulls and backfills
- +Well-suited for custom integration via direct HTTP clients
- –Endpoint-centric schemas make cross-domain data modeling more manual
- –Limited native governance controls like RBAC and audit logs
- –Throughput constraints require batching, retries, and caching logic
- –Schema variance across endpoints increases transformation work
Best for: Fits when teams need API-first market data ingestion and automation with custom governance controls.
Polygon.io
market data APIOffers market data APIs for equities and crypto with aggregates and historical tick-style feeds.
Unified API for market data, fundamentals, and corporate actions with consistent identifiers.
Polygon.io fits market data analysis workflows that require deep integration with external research stacks. Its data model centers on normalized market entities like ticks, bars, fundamentals, and corporate actions, exposed through consistent endpoints and query parameters.
Automation comes through a documented API surface that supports programmatic ingestion, filtering, and backfilling patterns at controlled throughput. Admin governance is oriented around API key provisioning, role-based access controls, and auditable account activity for operational oversight.
- +API exposes ticks, bars, fundamentals, and corporate actions in one data model
- +Query parameters support server-side filtering and reduced client-side compute
- +Programmatic ingestion supports repeatable backfills and scheduled refresh jobs
- +Versioned endpoints and predictable schemas reduce client parsing breakage
- –Schema breadth increases integration effort for teams with narrow use cases
- –Large historical pulls require careful batching to maintain throughput
- –Sandboxed workflows are limited for end-to-end governance testing
- –Cross-dataset joins require client-side correlation of shared identifiers
Best for: Fits when teams need API-driven market data pipelines with strong schema control and automation.
Tiingo
historical data APIProvides historical market data through APIs for equities and ETFs with dataset coverage for analysis.
Corporate-actions endpoints that let event-aware price adjustments feed analytics.
Tiingo provides a documented market data API and bulk download endpoints for equities, ETFs, crypto, and indices. The data model exposes consistent symbol-level metadata, time-series pricing fields, and corporate-actions and fundamentals endpoints for analysis pipelines.
Automation relies on API-driven ingestion, schema mapping, and repeatable parameterized queries that support high-throughput backfills and incremental updates. Administration focuses on API key provisioning, permission scoping, and operational auditing features that support governance over automated data jobs.
- +Single API surface covers prices, fundamentals, and corporate-actions endpoints
- +Consistent symbol identifiers help unify joins across datasets
- +Bulk export endpoints support backfills and offline analysis workflows
- +Parameterized queries support incremental pulls and reproducible runs
- +API key provisioning enables controlled access for automated jobs
- –Schema variations across asset classes require mapping logic in pipelines
- –Rate limits require batching and backoff strategies for sustained throughput
- –Automation depends on external orchestration for retries and scheduling
- –Limited in-product tooling for data transformation and normalization
Best for: Fits when teams need an API-first data feed with controllable ingestion governance.
OpenBB Terminal
research terminalCombines financial data sources with analysis workflows in a terminal-style interface for research.
Extensible Python API that maps provider data into configurable analysis functions and outputs.
OpenBB Terminal targets market data analysis workflows that need repeatable queries, configurable watchlists, and scripted outputs. Its integration depth is driven by an extensible data model and provider-backed endpoints that support automation via code.
The API and automation surface make it possible to provision pipelines, run scheduled analyses, and route data into other systems through structured calls. Governance focuses on user access control patterns, plus operational logging needs for team usage and auditability.
- +Extensible data model supports custom analysis schemas and repeatable workflows
- +Automation-first design enables scripted data pulls and deterministic outputs
- +Provider-backed integrations reduce manual dataset stitching across sources
- +API surface supports integration into internal tools and monitoring workflows
- –Multi-source provider setups can require careful schema alignment
- –Complex automation may demand coding and environment management discipline
- –Team governance controls can require external process for auditing
- –High-throughput usage can increase operational burden around caching
Best for: Fits when teams need repeatable market data pipelines with API-driven automation and controlled schemas.
How to Choose the Right Market Data Analysis Software
This buyer's guide covers Market Data Analysis Software tools including Quandl, Bloomberg Market Data, FactSet, S&P Capital IQ, ICE Data Services, Twelve Data, Alpha Vantage, Polygon.io, Tiingo, and OpenBB Terminal.
It focuses on integration depth, data model design, automation and API surface, and admin and governance controls so teams can evaluate fit using concrete mechanisms like API-driven ingestion, schema stability, and RBAC and audit patterns.
Market data analysis tooling for ingesting, normalizing, and running analytics on time series
Market Data Analysis Software centralizes market and reference data delivery into analysis-ready structures, often using a documented API and a defined data model for instruments, identifiers, and time series fields. The core job is converting raw feed concepts like securities, fields, and events into consistent entities and column semantics that downstream analytics can reuse.
Teams use tools like Bloomberg Market Data for high-throughput ingestion aligned to enterprise identifiers, and they use Quandl when programmatic historical pulls need dataset identifiers and metadata that reduce ingestion mapping work.
Evaluation criteria for integration, schema control, automation APIs, and governance controls
Evaluation should start with how each tool maps market concepts into a repeatable data model that analytics can join and refresh. Tools like FactSet and S&P Capital IQ are built around normalized identifiers and structured entity concepts that reduce ad hoc join logic across workflows.
After data model fit, automation and governance controls determine whether pipelines can run safely at scale. Bloomberg Market Data and ICE Data Services emphasize entitlement-aligned access patterns and auditability, while Twelve Data and Alpha Vantage focus more on API parameterization and predictable responses than deep tenant-level RBAC.
API-driven historical ingestion with dataset or identifier metadata
Quandl exposes dataset metadata and codes through its API to support programmatic time series ingestion with consistent identifiers. Twelve Data also targets automation-friendly ingestion via time-series endpoints that return consistent, API-ready schemas with parameterized intervals and limits.
Stable identifier and field semantics for cross-system schema mapping
Bloomberg Market Data uses Bloomberg securities identifiers and a field model aligned to licensing boundaries so internal schema mappings stay consistent across feeds. FactSet and S&P Capital IQ also emphasize normalized identifiers for time-series fields and entity concepts that reduce mapping churn during refresh jobs.
Entity-centric data model for issuers, securities, and corporate actions
S&P Capital IQ uses an entity-centric model that normalizes issuers, securities, and corporate actions so screens and analytics share the same join keys. Polygon.io and Tiingo expose corporate actions as part of their unified API surface so event-aware adjustments can feed analytics.
Provisioning and governance controls tied to RBAC and auditability
Bloomberg Market Data aligns governance to entitlements and RBAC expectations with auditability for enterprise control. ICE Data Services adds RBAC-aligned access patterns and traceable operational changes tied to provisioning and distribution interfaces.
Automation surface and endpoint parameterization for refresh throughput
Twelve Data provides parameterized queries for prices, technical indicators, fundamentals, and events, which supports repeatable backfills and refresh jobs with controlled query shapes. Polygon.io supports server-side filtering and versioned endpoints that reduce client parsing breakage during high-volume historical loads.
Extensibility via a programmable analysis API and configurable mappings
OpenBB Terminal includes an extensible Python API that maps provider data into configurable analysis functions and deterministic outputs. Quandl can also fit extensibility needs by exposing consistent dataset structures and metadata that make ingestion refresh jobs repeatable.
Decision framework for selecting the right market data analysis tool based on integration and control depth
Start by selecting the integration anchor, since each tool’s data model shapes how much transformation happens in the client. Quandl and Alpha Vantage are endpoint- or dataset-centric and work best when analysts control normalization logic, while Bloomberg Market Data and S&P Capital IQ are built for identifier stability and governed enterprise mappings.
Then validate the automation and governance fit using concrete workflow scenarios like scheduled refresh jobs, multi-asset backfills, and RBAC-based team separation. Bloomberg Market Data and ICE Data Services fit teams that need governance depth, while Twelve Data, Polygon.io, and Tiingo fit teams that need parameterized API throughput with manageable operational controls.
Pick the integration anchor based on identifier stability
If internal systems standardize on Bloomberg identifiers and field semantics, Bloomberg Market Data reduces schema mapping work across enterprise feeds. If the ingestion workflow starts from dataset identifiers and metadata codes, Quandl supports repeatable ingestion patterns with consistent dataset structure.
Validate the data model for your join keys and event logic
If workflows join issuers, securities, and corporate actions across research tasks, S&P Capital IQ’s entity normalization reduces inconsistent joins. If the pipeline relies on server-provided corporate actions and event-aware adjustments, Tiingo and Polygon.io provide corporate-actions endpoints in their unified API models.
Map automation requirements to the API and endpoint parameterization
If automation needs parameterized time-series endpoints for recurring backfills and indicator generation, Twelve Data and Alpha Vantage provide extensive technical indicator endpoints with configurable request parameters. If automation needs consistent behavior across ticks, bars, fundamentals, and corporate actions, Polygon.io’s unified API supports repeatable backfilling patterns with query parameters.
Stress-test governance controls for team separation and audit expectations
If the environment requires entitlement-aligned access with auditability, Bloomberg Market Data and ICE Data Services align governance to RBAC expectations and traceable operational changes. If governance is mostly API-key scoping, Twelve Data and Tiingo provide account-level access and operational auditing for automated jobs instead of deep tenant RBAC.
Plan for schema normalization where tools have known variability
If the tool’s cross-dataset schemas differ, Quandl requires a local normalization layer to handle column differences across datasets. If endpoint-centric schemas vary across domains, Alpha Vantage and Tiingo require transformation work for schema variance across asset classes and endpoints.
Audience fit based on automation patterns, schema control, and governance depth
Market Data Analysis Software fits teams that need repeatable ingestion, deterministic analytics inputs, and traceable access when data pipelines run across multiple users and systems. The best fit depends on whether the organization needs governance depth like RBAC and audit logs or relies on client-side normalization around an API workflow.
Quandl, FactSet, and OpenBB Terminal fit analysts who build custom pipelines around structured identifiers and scripted analysis. Bloomberg Market Data, S&P Capital IQ, and ICE Data Services fit enterprise teams that need governed access and stable mappings at scale.
Enterprise market data operations with strict RBAC and auditability requirements
Bloomberg Market Data is built around entitlement-aligned access patterns with RBAC and audit expectations and it supports high-throughput ingestion mapped to stable Bloomberg identifiers. ICE Data Services also emphasizes provisioning interfaces with RBAC-aligned access patterns and auditability for operational changes.
Research and risk teams that prioritize normalized identifiers across time series and entities
FactSet provides a normalized data model for time-series fields and reference entities with API access for repeatable pipeline builds. S&P Capital IQ adds entity normalization across issuers, securities, and corporate actions and pairs it with documented API-driven automation and RBAC and audit visibility.
Engineering teams building API-first pipelines with tight control of request parameters
Twelve Data provides schema-stable REST API endpoints for prices, technical indicators, fundamentals, and events with parameterized intervals and limits for repeatable backfills. Polygon.io and Tiingo support unified or single-surface API models with corporate-actions endpoints and server-side filtering to reduce client-side compute.
Quants and analysts who need extensive technical indicator endpoints for scripted time-series analysis
Alpha Vantage provides extensive technical indicator endpoints exposed as parameterized time series API calls with JSON schemas that map directly into ETL steps. Quandl supports historical pulls with dataset identifiers and API-exposed metadata that help programmatic refresh jobs stay repeatable.
Teams that want a programmable analysis workflow layer on top of provider endpoints
OpenBB Terminal targets scripted analysis with a Python API that maps provider data into configurable analysis functions and deterministic outputs. It is a practical choice when repeatable queries and routing data into other systems via structured calls must happen inside the same workflow.
Common selection pitfalls that create schema churn or governance gaps
Market data tools often look interchangeable at the endpoint level, but integration depth and governance controls differ in ways that affect operational cost and pipeline reliability. Several recurring issues show up when teams mismatch schema models and operational controls to the way refresh jobs and team access are actually run.
These pitfalls can be avoided by aligning data model expectations, API automation throughput planning, and governance requirements to the specific tool chosen for ingestion and analysis.
Assuming cross-source schemas will join cleanly without a normalization layer
Quandl can expose consistent dataset structures but cross-dataset schema differences can require local normalization. Alpha Vantage and Tiingo use endpoint-centric or asset-class-varying schemas that increase transformation work for cross-domain joins.
Selecting a tool with API access but without matching governance depth to RBAC and audit needs
Twelve Data and Alpha Vantage focus on account-level access and API-key management rather than deep tenant RBAC and audit logs in the integration layer. Bloomberg Market Data and ICE Data Services align governance to entitlements and RBAC expectations with auditability for operational changes.
Overlooking corporate-actions integration when analytics depend on event-aware adjustments
S&P Capital IQ normalizes corporate actions as part of its entity model, which reduces inconsistent event joins across workflows. Polygon.io and Tiingo provide corporate-actions endpoints in their API surface, which supports event-aware price adjustments feeding analytics.
Underestimating throughput and batching constraints during large historical backfills
Polygon.io and Polygon-style large historical pulls require careful batching to maintain throughput. Alpha Vantage and Tiingo require batching, retries, and backoff strategies to sustain throughput under request constraints.
Treating endpoint-centric integration as a substitute for an entity-centric data model
FactSet and S&P Capital IQ provide structured data models that standardize identifiers and time-series fields for API-driven analytics workflows. OpenBB Terminal can help coordinate multi-provider data, but multi-source provider setups still require careful schema alignment for custom analysis schemas.
How We Selected and Ranked These Tools
We evaluated each tool on features, ease of use, and value, then produced an overall rating as a weighted average in which features carried the most weight at 40% while ease of use and value each accounted for 30%. Each score reflects how well the stated API surface, automation fit, and governance controls support real ingestion and analysis workflows rather than UI convenience alone.
Quandl separated itself by pairing a documented API with dataset metadata and codes that support programmatic time series ingestion, and that combination lifted its features factor through repeatable refresh job inputs. Its consistent dataset structure also reduced manual mapping work enough to keep ease of use and value high relative to lower-ranked tools.
Frequently Asked Questions About Market Data Analysis Software
How do Quandl and Bloomberg Market Data differ in schema consistency for time-series ingestion?
Which tools provide the most controllable automation pipelines for historical backfills and scheduled updates?
What integration patterns are supported by OpenBB Terminal versus API-first providers like Alpha Vantage and Twelve Data?
How do SSO, RBAC, and audit logging differ across Bloomberg Market Data, ICE Data Services, and polygon.io?
What data migration approach works best when replacing an existing symbol and identifier model?
Which tool is better for event-aware analytics that need corporate actions adjustments built into the workflow?
How do admin controls and governance mechanisms compare between ICE Data Services and Twelve Data?
What are the common technical causes of ingestion failures when building API-driven market data pipelines?
Which platform supports the most straightforward extensibility when analysts need custom transformations and derived indicators?
Conclusion
After evaluating 10 data science analytics, Quandl stands out as our overall top pick — it scored highest across our combined criteria of features, ease of use, and value, which is why it sits at #1 in the rankings above.
Use the comparison table and detailed reviews above to validate the fit against your own requirements before committing to a tool.
Tools reviewed
Primary sources checked during evaluation.
Referenced in the comparison table and product reviews above.
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